Standard Industrial Classification Code

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Standard Industrial Classification Code

A four digit code used in business to classify the industry to which a company belongs. The SIC code was created by the U.S. government in 1937 to facilitate communication within and between businesses and industries. For the most part, the SIC was replaced by the six digit NAICS in 1997, but the SEC still uses the SIC. For example, an oil & gas exploration company might file with the SEC under the SIC code 1382.
References in periodicals archive ?
A year ago metalworking firms in Standard Industrial Classification 3672 through 3679, producers of electronic components like semiconductors or CRTs, were operating at just under 80% of their theoretical capacity.